What is the importance of the Philippines’ participation in the Asia-Pacific Economic Cooperation (APEC)?
The importance of the Philippines' participation in the Asia-Pacific Economic Cooperation (APEC) is to promote economic growth and development in the region by fostering trade and investment. APEC is a platform for countries in the Asia-Pacific region to work together on issues such as reducing barriers through dialogue and collaboration. The Philippines is a founding member of APEC and is an active participant in its initiatives.